Stockholm shares AFX at a glance outlook |
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Fri, 02 Feb 2007 08:59
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STOCKHOLM (AFX) - Shares are expected to open sharply lower after index heavweight Ericsson and Volvo both posted worst-than-expected fourth quarter results, and Ericsson downgraded its 2007 outlook, brokers said.Yesterday, the OMX Stockholm index closed up 0.36 pct at 388.05, while the OMX Stockholm 30 index gained 0.48 pct to close at 1,191.71.COMPANY NEWS*ERICSSON Q4 PROFIT AFTER FINANCIALS 12.155 BLN SKR, BELOW CONSENSUS 12.248*ERICSSON Q4 SALES 53.683 BLN SKR, BELOW MARKET CONSENSUS OF 53.785*ERICSSON Q4 GROSS MARGIN 41.8 PCT, BELOW MARKET CONSENSUS 42.7*ERICSSON FY DIV 0.50 SKR PER SHARE VERSUS 0.45 SKR*VOLVO Q4 PROFIT AFTER FINANCIALS 5.226 BLN SKR; MARKET CONSENSUS 5.476 BLN*VOLVO Q4 SALES 65.065 BLN SKR; MARKET CONSENSUS 67.509*VOLVO FY ORDINARY DIVIDEND 25 SKR/SHR, EXTRA DISTRIBUTION 25 SKR/SHRMARKET SENTIMENT-SCANIA UPGRADED TO 'HOLD' VS 'SELL' AT CITIGROUP-SAS CUT TO 'HOLD' VS 'BUY' AT CITIGROUP-Among Swedish shares traded in New York yesterday, Ericsson B closed 0.03 skr lower compared with its Stockholm closing level, Volvo B down 0.45 skr lower, AstraZeneca 1.48 skr higher, and Autoliv 3.74 skr higher.-Nokia A closed 0.44 skr higher in New York compared with its Stockholm closing level.TF.TFN-EuropeStockholm@thomson.comsjr/sjr/jlwCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Stockholm shares close slightly higher; SEB, Tele2 up on merger speculation 